New Professional Tax Slab Rates 2024-25 PDF: Online Payment, Login, Exemption, Due Date
Professional Tax Slab Rates 2024-25: It is a levy charged to individuals participating in various occupations, trades, and jobs across the nation. It is determined by the earnings derived from these roles and targets a wide array of people, including salaried workers, self-employed individuals, freelancers, and other professionals.
The income thresholds for this tax differ from one state to another; for instance, Karnataka imposes it on anyone earning over ₹25,000 a month, whereas Andhra Pradesh has a limit of ₹15,000. In West Bengal, the threshold is ₹10,000, Maharashtra sets it at ₹7,500, and Tamil Nadu establishes a limit of ₹21,000. This tax provides financial resources for state governments and aids in the enhancement of local infrastructure and services.
Professional Tax Explained: Essential Guide for Salaried Employees
Salaried workers, whether they’re in the private sector or employed by different levels of government, are generally familiar with the complexities of the Professional Tax in India. This tax is regularly deducted from their monthly paychecks and is prominently displayed on their salary slips, as well as in the annual Form-16, which is vital for tax returns. Therefore, it’s crucial for every salaried individual to keep abreast of the updated tax rates that are revised biannually, typically every six months. Staying knowledgeable about these changes not only ensures proper tax compliance but also aids in effective financial management.
Professional Tax Rates in Tamil Nadu 2024
On Tuesday, the Greater Chennai Corporation (GCC) made a noteworthy decision to increase professional tax rates by 35% for employees earning over Rs 21,000 per month. This resolution, carefully deliberated, allows for adjustments to the professional tax rates every five years by the governing board.
As part of the financial strategies for the 2024-2025 fiscal year, the local authority has raised the half-yearly professional tax for salaried workers by an impressive 35%. Now, those with salaries between Rs 21,000 and Rs 30,000 will face a tax of Rs 180, up from the previous Rs 135.
For individuals earning between Rs 30,001 and Rs 45,000, the professional tax has increased from Rs 315 to Rs 430 every six months. Furthermore, those making between Rs 45,001 and Rs 60,000 will now have a professional tax responsibility of Rs 930, a significant rise from the earlier Rs 690.
It’s worth highlighting that employees earning between Rs 6,000 and Rs 75,000 will see no changes to their existing tax rates, with amounts remaining at Rs 1,025 and Rs 1,250, respectively. As always, individuals earning below the Rs 21,000 threshold will not be subject to any professional tax.
TN Professional Tax Rates Table 2024
| Slab | Rates |
| Below Rs. 21,000 | No Tax |
| Rs. 21,001 – 30,000 | Rs. 180 |
| Rs. 30,001 – 45,000 | Rs. 430 |
| Rs. 45,001 – 60,000 | Rs. 930 |
| Rs. 60,001 – 75,000 | Rs. 1,025 |
| Above Rs. 75,001 | Rs. 1,250 |
Professional Tax Rates in Maharashtra 2024
In Maharashtra, a state in India, It is applied to both genders, but the tax rates differ based on their income levels. Men who earn up to Rs. 7,500 monthly are exempt from this tax. For those with monthly earnings ranging from Rs. 7,501 to Rs. 10,000, a monthly tax of Rs. 175 is required. Meanwhile, individuals whose monthly income surpasses Rs. 10,000 face a much steeper tax, totaling Rs. 2,500 each year. To clarify these tax brackets and their respective rates, the subsequent table provides a comprehensive breakdown of the relevant information.
| In case of Men Whose Monthly Salary or Wages | |
| Upto Rs.7500 | No Tax |
| Rs. 7501 to Rs. 10000 | Rs.175 Per Month |
| Above Rs.10000 | Rs.2500 Per Year |
| In case of Women Whose Monthly Salary or Wages | |
| Upto Rs.25000 | No Tax |
| Above Rs. 25000 | Rs.2500 Per Year |
Professional Tax Rates in Karnataka 2024
In 2024, the Karnataka government has laid out it rates that dictate the financial responsibilities for those earning salaries or wages. Under these guidelines, individuals making Rs. 25,000 or more each month must pay a monthly tax of Rs. 200. This tax targets those involved in various professions and jobs throughout Karnataka, creating an organized taxation framework.
Anyone participating in these professional activities is liable for the tax, but the onus of compliance varies by employment type. For salaried workers, it is the employers’ duty to withhold the correct amount of tax from their paychecks and forward it to the state government according to the specified rate categories. Employers are also responsible for obtaining the required professional tax registration certificates, ensuring they meet all legal requirements.
For self-employed individuals looking to fulfill their professional tax duties, the process is quite simple. They can register online using their Permanent Account Number (PAN) or Goods and Services Tax Identification Number (GSTIN) and proceed with their payments digitally. This user-friendly approach enables professionals to efficiently manage their tax responsibilities within the online environment.
Who are all eligible for Professional Tax in Karnataka?
- Individuals receiving a monthly salary or wage of Rs. 25,000 or more
- Self-employed persons engaged in Professions, Trades, Callings
and Employments - Legal practitioners
- Consultants
- Agents
- Chartered Accountants and Actuaries
- Engineers
- Health care professionals
- Estate Agents or Brokers
- Beauty parlours
- Dry cleaners and interior decorators
- Computer Training Institutes
- Driving Institutes
- Technical Training Institutes
- Astrologers
- Astropalmists
- Numerologists
- Vaastu consultants
- Directors
- Actors and Actresses